Lument Finance completes 1-for-10 reverse split
Lument Finance Trust consolidated its common shares 1-for-10, cutting shares outstanding while keeping stockholders’ relative ownership largely unchanged.
Rhea-AI Filing Summary
Lument Finance Trust, Inc. (LFT) completed a previously announced 1-for-10 reverse stock split of its common stock after the close of business on September 9, 2026. Every ten issued and outstanding common shares were converted into one share, and trading on a post-split basis begins September 10, 2026 under the same LFT symbol with a new CUSIP 55025L306.
The reverse split reduced outstanding common shares from 52,564,062 to approximately 5,256,400. No fractional shares will remain; holders otherwise entitled to a fraction will receive cash equal to the fractional share multiplied by $6.959. The action applies uniformly and does not materially change any stockholder’s percentage ownership, and it does not change the number of authorized common shares.
Positive
- None.
Negative
- None.
8-K Event Classification
3 items: 5.03, 7.01, 9.01
3 items
Item 5.03
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Governance
The company amended its charter documents, bylaws, or changed its fiscal year.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Reverse stock split ratio: 1-for-10
Pre-split shares outstanding: 52,564,062 shares
Post-split shares outstanding: 5,256,400 shares (approx.)
+5 more
8 metrics
Reverse stock split ratio
1-for-10
Reverse stock split of common stock effective after close on September 9, 2026
Pre-split shares outstanding
52,564,062 shares
Common shares outstanding before the reverse stock split
Post-split shares outstanding
5,256,400 shares (approx.)
Common shares outstanding after the 1-for-10 reverse split
Cash in lieu of fractional shares
$6.959 per share fraction
Amount paid for each fractional share resulting from the reverse split
Effective date of reverse split
September 9, 2026
Reverse split effected after the close of business
Post-split trading start date
September 10, 2026
Date LFT common stock begins trading on a post-split basis
New CUSIP for common stock
55025L306
CUSIP assigned to LFT common stock following the reverse split
Series A Preferred dividend rate
7.875%
Rate on LFT’s Series A Cumulative Redeemable Preferred Stock
Key Terms
reverse stock split, CUSIP number, fractional shares, cumulative redeemable preferred stock, +1 more
5 terms
reverse stock split financial
"announced today that its previously announced 1-for-10 reverse stock split of common stock"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
CUSIP number financial
"will trade on a post-split basis under a new CUSIP number: 55025L306"
A CUSIP number is a nine-character code that uniquely identifies a specific U.S. or Canadian stock, bond, or other security, similar to a barcode or a social-security number for a financial instrument. It matters to investors because it removes confusion between similar securities, ensures trades and settlements are applied to the correct issue, and helps locate official documents and transaction records quickly.
cumulative redeemable preferred stock financial
"7.875% Series A Cumulative Redeemable Preferred Stock, $0.01 par value per share"
Cumulative redeemable preferred stock is a type of investment that gives shareholders priority over common stockholders to receive dividends and get their money back if the company is sold or closes. If the company misses dividend payments, it must pay them later before any dividends can go to other shareholders. This makes it a more secure and flexible option for investors seeking steady income with some ability to redeem their shares in the future.
commercial mortgage loans financial
"primarily invests in transitional floating rate commercial mortgage loans"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What reverse stock split did Lument Finance Trust (LFT) complete?
Lument Finance Trust completed a 1-for-10 reverse stock split of its common stock, converting every ten issued and outstanding common shares into one share following the close of business on September 9, 2026.
Does LFT’s reverse stock split change stockholders’ ownership percentages?
The reverse stock split applies uniformly to all outstanding common shares and therefore does not affect relative ownership percentages or proportional voting power, other than de minimis changes from cash payments in lieu of fractional shares.
Who is Lument Finance Trust (LFT) and what does it invest in?
Lument Finance Trust is a Maryland corporation focused on investing in, financing and managing commercial real estate debt, primarily transitional floating rate commercial mortgage loans with an emphasis on middle-market multi-family assets.
AI-generated analysis. How Rhea-AI works. Not financial advice.
